About Dragonfly Ventures
Dragonfly Ventures is primarily based out of Toronto, Canada. As of Apr 2026, Dragonfly Ventures has invested in 13 companies. It primarily invests in Seed round in Canada based companies. Its investments are spread across a wide range of sectors from High Tech, Environment Tech. Its latest investment was a $4.08M Seed round in Dispersa on Feb 25, 2025, which also saw participation from nadarraventures.com and Good & Well.
Overall, Dragonfly Ventures portfolio has seen 1 acquisition including key companies like Avail, Dispersa and Fresh City Farms. A lot of funds co-invest with Dragonfly Ventures, with names like Good & Well sharing a substantial percentage of its portfolio.
Dragonfly Ventures has a team of 10 people including 6 partners.
Key Metrics
Dragonfly Ventures' List of Top Investments
Dragonfly Ventures has a portfolio of 13 companies. Their most notable investments are in Fresh City Farms and Avail.Their portfolio spans across Canada and United Arab Emirates. They have invested in High Tech, Environment Tech, Blockchain Technology and 7 other sectors, across stages such as Seed stage. Here is the list of top investments by Dragonfly Ventures:1. Avail
Web3 infrastructure layer platform. It offers a modular blockchain with a data availability layer to manage blockchain networks. It offers an essential base layer for application development. It enables businesses to address rollup fragmentation by unifying rollups and chains.
Key facts about Avail
- Founded Year: 2023
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $75M
- Investors: LocalGlobe, HashKey Capital and 19 Others
- Latest Funding Round: Series A, Jun 04, 2024, $*****
- Highlight: Editors' Pick
2. Dispersa
Developer of biosurfactants using microbes. The company offers a platform named BioEterna Technology. It is used to produce biodegradable, biologically-based surfactants. The company's products are PuraSurf-LF, a low-foaming formulation used in cleaning products, and PuraSurf-HF, a high-foaming formulation used for personal care.
Key facts about Dispersa
- Founded Year: 2018
- Location: Laval (Canada)
- Stage: Seed
- Total Funding till date: $6.29M
- Employee Count: 6 as on Jul 01, 2024
- Investors: MaRS Discovery District, Fondaction and 11 Others
- Latest Funding Round: Seed, Feb 25, 2025, $*****
- Highlight: Editors' Pick
Online retailer for organic grocery products. Its offerings include meat & seafood, sweets & snacks, dairy products, bakery products, and more. It allows users to purchase products online through their platform. It allows users to choose home delivery or collect their orders from a pickup hub on a weekly or bi-weekly basis.
Key facts about Fresh City Farms
- Founded Year: 2011
- Location: Toronto (Canada)
- Stage: Seed
- Employee Count: 96 as on Jul 01, 2024
- Investors: Good & Well, Telus and 3 Others
- Latest Funding Round: Seed, Sep 21, 2021, $*****
4. Recompose
Key facts about Recompose
- Founded Year: 2017
- Location: Seattle (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $8.65M
- Employee Count: 13 as on Jul 01, 2024
- Investors: Gratitude Railroad, BTV and 1 Other
- Latest Funding Round: Series A, May 15, 2020, $*****
5. Ecojustice
Ecojustice is a non-profit environmental law charity that uses legal advocacy to defend nature, combat climate change, and promote a healthy environment. As Canada's largest environmental law charity, it operates offices across the country and has a strong track record of successfully bringing environmental cases to court. With a focus on environmental justice, Ecojustice works to ensure that environmental laws and policies are fair, effective, and in the public interest.
Key facts about Ecojustice
- Founded Year: 1990
- Location: Vancouver (Canada)
- Stage: Funding Raised
- Employee Count: 87 as on Jul 01, 2024
- Investors: Dragonfly Ventures
Dragonfly Ventures' Year-on-Year Investment Trends
Dragonfly Ventures has invested in 13 companies over the last 5 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Avail and most recent follow-on round was in Dispersa.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 1 | 0 | 1 |
Dragonfly Ventures' Investments by Stage
Dragonfly Ventures has made 3 investments in Seed stage with an average round size of $14.6M.Dragonfly Ventures' Investments by Sector
Dragonfly Ventures has a diverse portfolio, with companies operating in the Blockchain Technology, Chemicals and Materials Tech, Consumer, Environment Tech and Food and Agriculture Tech. Notably, it has invested in 3 Tech companies, 2 Consumer (B2C) companies, 2 Enterprise (B2B) companies and 1 company focusing on Blockchain.Sector | No. of Investments |
|---|---|
Blockchain Technology | 1 |
Chemicals and Materials Tech | 1 |
Consumer | 1 |
Environment Tech | 1 |
Food and Agriculture Tech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Dragonfly Ventures' Investments by Geography
Dragonfly Ventures has made most investments in Canada (2), followed by United Arab Emirates where it has made 1 investment.Country | No. of Investments |
|---|---|
Canada | 2 |
United Arab Emirates | 1 |
Note: We have considered here, only first round of investments
Dragonfly Ventures' recent investments
Dragonfly Ventures has not made any investment in 2026 so far.Here are the most recent investments by Dragonfly Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 25, 2025 | Canada | Seed | 1744 | [+7] | |
Feb 26, 2024 | United Arab Emirates | Seed | 9023 | [+5] | |
Apr 20, 2023 | Canada | Seed | 4554 | [+3] | |
Sep 21, 2021 | Canada | Seed | 4483 | [+1] |
Acquired companies in Dragonfly Ventures' Portfolio
1 company from Dragonfly Ventures' portfolio has been acquired. The most recent acquisition were Aisle in Dec 2023 by Somedays.Here are Dragonfly Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 07, 2023 | - | - | 5193 |
Team profile of Dragonfly Ventures
Dragonfly Ventures has a team of 10 members including 6 Partners located in Canada. Dragonfly Ventures' team sits on the board of 1 company.Here is a list of all team members in Dragonfly Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | |||
Partner | - | - | ||
Partner | - | - | ||
Partner | Ottawa | - | - | |
Partner | Toronto | - | ||
Partner | Canada | - | - |
Co-investors of Dragonfly Ventures
Over the past 5 years, 31 investors have co-invested in Dragonfly Ventures's portfolio companies. This includes funds and angels.
- Top Co-investors of Dragonfly Ventures: 11 investors entered a company along with Dragonfly Ventures. These include investors like Good & Well (2 companies).
- Invested after Dragonfly Ventures: A total of 20 investors have invested in Dragonfly Ventures's portfolio after their investments. Top Investors include DRAGONFLY (1 company) and CyberFund (1 company).
Recent News related to Dragonfly Ventures
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$10 Million (Series A) Raised For On-Chain Prime Brokerage PlatformPulse 2.0•Mar 14, 2025•August, Dragonfly Ventures, SCB, 6MV and 4 others
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Dispersa Closes $5.8M CAD Seed Round to Commercially Scale Waste-Derived BiosurfactantsCNW•Feb 25, 2025•Dispersa, Nàdarra Ventures, BDC, Cycle Momentum and 5 others
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Dragonfly leads $12 million seed round for stablecoin issuer AgoraThe Block•Apr 02, 2024•Agora, DRAGONFLY, General Catalyst, Robvc and 13 others
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Online crypto casino MyPrize lands $13 million pre-launchRefresh Miami•Mar 26, 2024•MyPrize, DRAGONFLY, Boxcar Partners, Mechanism Capital and 7 others
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Modular blockchain Avail completes US$27 million in seed round financing, led by Founders Fund and DragonflyPANews•Feb 26, 2024•Avail, Founders Fund, DRAGONFLY, SevenX Ventures and 13 others
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Ethena Labs provided a $ 14 million financing for USDE productCoinTelegraph•Feb 17, 2024•Ethena, Dragonfly Ventures, Binance Labs, Google and 5 others
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Medallion, which helps artists connect with fans, raises $13.7 million in Series A fundingstartuplog.com•Dec 22, 2023•Medallion, Medallion, Dragonfly Ventures, Faction VC and 13 others
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Galactic raises R$30.5 million to expand crypto operations in Latin AmericaFusoes & Aquisicoes•Nov 08, 2023•Galactic Holdings, Dragonfly Ventures, Galaxy
